Exeo Entertainment, Inc. Reports Earnings Results for the Second Quarter Ended May 31, 2020
July 20, 2020 at 05:28 pm EDT
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Exeo Entertainment, Inc. announced earnings results for the second quarter ended May 31, 2020. For the second quarter, the company announced sales was USD 4,513 compared to USD 125,062 a year ago. Operating loss was USD 235,016 compared to USD 246,896 a year ago. Net loss was USD 196,358 compared to USD 214,405 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, sales was USD 14,276 compared to USD 125,812 a year ago. Operating loss was USD 605,376 compared to USD 596,187 a year ago. Net loss was USD 554,264 compared to USD 577,036 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
Exeo Entertainment, Inc. is engaged in designing, developing, licensing, manufacturing, and marketing consumer electronics in the video gaming, music, and smart television (TV) sectors. The Company's products under development include the Psyko 5.1 surround sound gaming headphones for consoles and the Krankz MAXX Bluetooth wireless headphones. The Companyâs products also include the Zaaz Keyboard and the Extreme Gamer. Its Psyko headphones use a patented method of sound delivery that doesnât require the use of digital signal processing (DSP). The Companyâs Krankz wireless headphones work with mobile devices and have a retractable, foldable design with a built-in microphone and noise canceling feature. Its driver design provides a deep bass sound with clear midrange audio for a full range of use up to 30 meters distance. The Company also distributes and sells Ford cell phone accessories through all wholesale and retail channels in the United States and Canada.
EXEO ENTERTAINMENT, INC. 
